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A month of Trump, by the numbers
A month of Trump, by the numbers

A by-the-numbers look at some of Donald Trump's early activity as president:

J.K. Rowling has the best response to Trump
J.K. Rowling has the best response to Trump's non-existent Sweden attack

The internet can't get enough of President Donald Trump's "last night in Sweden" remarks, including, of course, J.K. Rowling. Never one to shy from a little fun at the expense of the U.S. president, the author joined in on Twitter's response to Trump's confusing reference to a terrorist attack that didn't actually happen. SEE ALSO: Internet turns to @Sweden on Twitter after Trump appears to invent terror attack Literally the biggest incident of Sweden last night was a horse called Biscuit being rescued from a well. https://t.co/CAYsHhpt6z - Grapey (@Grapeykins) February 19, 2017 #MakeBiscuitDryAgain https://t.co/C7rPpZrcNf - J.K. Rowling (@jk_rowling) February 19,...

Paul Advises Against Making Bolton National Security Adviser
Paul Advises Against Making Bolton National Security Adviser

The Kentucky senator says he fears if the former U.N. ambassador becomes part of the administration, the U.S. will wind up embroiled in more foreign wars.

TransCanada posts better-than-expected profit
TransCanada posts better-than-expected profit

(Reuters) - TransCanada Corp , Canada's No. 2 pipeline operator, reported a better-than-expected quarterly profit, helped by strength in its U.S. and Mexican pipeline businesses. The company said earnings from its U.S. natural gas pipeline business rose more than four-fold to C$416 million, due to its $13 billion acquisition of Columbia Pipeline Group in July. Earnings from its Mexico natural gas pipelines increased more than 155 percent in the quarter, TransCanada added. ...

Air France-KLM profits up in 2016, cautious for 2017
Air France-KLM profits up in 2016, cautious for 2017

Air France-KLM said Thursday profits rose sharply in 2016, but issued a cautious outlook for the current year in face of global uncertainty and aggressive competition in the sector. "While the fall in the oil price significantly reduced the group's costs, the geopolitical context, competition and industry overcapacity all resulted in lower unit revenues," chief executive Jean-Marc Janaillac explained. The French business, Air France, booked a decline in operating profit, while the Dutch arm, KLM, saw underlying earnings rise.

Gold Fields unveils South Deep turnaround plan, earnings up sharply
Gold Fields unveils South Deep turnaround plan, earnings up sharply

South African bullion producer Gold Fields on Thursday announced a rise in profits and a long-awaited plan to make its South Deep mine profitable, with a production target of 500,000 ounces a year. * Gold Fields posted normalised earnings of $191 million forthe year ended December 2016 compared with normalised earnings(not losses) of $45 million for the year ended December 2015. * This was in line with what the company had flagged to themarket, primarily driven by an increase in the US$ gold price (8percentYoY) and lower net operating costs in local currencies aswell as the impact of converting these costs at weaker exchangerates.

Canadian gold miner Goldcorp profit beats market forecast

(Reuters) - Goldcorp Inc reported a higher-than-expected fourth-quarter profit on Wednesday compared to a steep loss a year ago, as much lower costs at its gold mines in the Americas and a higher gold price offset lower production. Goldcorp, the world's third-biggest gold producer by market value, reported net earnings of $101 million, or 12 cents a share, in the three months ended December. Analysts on average had expected the company to earn 9 cents a share, according to Thomson Reuters I/B/E/S. Vancouver-based Goldcorp said its all-in sustaining costs to produce an ounce of gold fell to $747 in the fourth quarter from $977 an ounce a year ago.

Deutsche Boerse boosts profits, eyeing LSE tie-up
Deutsche Boerse boosts profits, eyeing LSE tie-up

German stock exchange operator Deutsche Boerse on Wednesday reported strong increases in earnings and profits for 2016, as it awaits regulators' go-ahead for a tie-up with London Stock Exchange. The Frankfurt-based firm saw profits rise 14 percent to 811 million euros ($859 million), adjusting for special items, while revenues added 8.0 percent to reach 2.4 billion euros. "Our ongoing measures to enhance operating efficiency have shown their full effect," finance director Gregor Pottmeyer said in a statement, with controlling costs a "major contribution to earnings growth" in 2016.

Japan's Toshiba to start again on chip business sale: Jiji

Japan's Toshiba is to make a fresh start on selling a stake in its memory chip business, having announced on Tuesday that it could now sell most, or even all, of its prize asset, Jiji news agency said on Wednesday. Toshiba had previously planned to sell only about 20 percent and closed the initial round of bids on Feb. 3 but bids from investment funds and some industrial suitors were lower than expected, Jiji said. The fresh start could mean any sale would complete after the end of the financial year next month, meaning Toshiba would not be able to book the gain in this year's earnings, the report said.

Clash of Clans maker Supercell
Clash of Clans maker Supercell's profit grows despite Pokemon challenge

Finland's Supercell, the maker of hit mobile game Clash of Clans, reported on Wednesday core profit rose 8 percent last year, helped by the launch of a new game and despite the challenge from Nintendo Co's smash hit Pokemon GO. Supercell, majority owned by China's Tencent Holdings Ltd , said earnings before interest, tax, depreciation, and amortization rose to 917 million euros ($967 million) last year from 848 million in 2015. With largely flat revenue of 2.1 billion euros, the profit improvement was partly due to lower spending on advertising and the successful launch of its latest game, Clash Royale, it said.

Israel
Israel's Wix.com beats estimates, sees strong 2017

Wix.com, an Israel-based company which helps small businesses build and operate websites, forecast higher-than-expected revenue in 2017 after fourth-quarter revenue and earnings topped estimates. It had been forecast to earn 3 cents a share excluding items on revenue of $81.65 million, according to Thomson Reuters I/B/E/S. Wix offers free basic features for setting up websites but users must pay for extra services such as shopping carts, individual web addresses and site traffic analysis. The number of registered users surpassed 100 million this month, Wix said.

Toshiba shares tumble more than 10% over huge loss warning
Toshiba shares tumble more than 10% over huge loss warning

Toshiba shares tumbled more than 10 percent shortly after the opening bell on Wednesday, after the company warned it was on track to book a $6.2 billion writedown in its US nuclear power business. Toshiba on Tuesday issued a grim preliminary earnings forecast, which prompted its chairman to resign as it hinted at a fresh accounting scandal. Toshiba warned it was on track to report a net loss of 390 billion yen ($3.4 billion) in the current fiscal year to March, as it faced a huge writedown topping 700 billion yen at Westinghouse.

Moorside nuclear project in doubt after Toshiba writedown
Moorside nuclear project in doubt after Toshiba writedown

By Susanna Twidale and Karolin Schaps LONDON (Reuters) - The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp , which is developing the project with France's Engie , said it planned to pull out of the construction work. Toshiba, which earlier delayed reporting its earnings, posted a $6.3 billion (£5 billion) hit to its U.S. nuclear unit, Westinghouse. "Toshiba will consider participating in the (Moorside) project without taking on any risk from carrying out actual construction work," it said in a presentation to investors.

Chaotic day as Toshiba details losses, $6.3 billion nuclear hole

For Japan's Toshiba Corp, Tuesday was a day of last-minute delays and confusion. MONDAY AFTERNOON Toshiba decides internally to delay planned earnings release, despite a regulatory deadline, according statements made later by Toshiba's audit committee chairman. 0300 GMT Toshiba misses planned timing to release third-quarter earnings and detail the exact size of a writedown for its U.S. nuclear business that was expected to top $6 billion.

Credit Suisse still plans to list Swiss unit, open to alternatives

Credit Suisse will push ahead with plans for an initial public offering of its Swiss business but is also open to alternative options to boost its balance sheet, Chief Executive Tidjane Thiam said on Tuesday. "The IPO has provided an effective capital backstop during a period of big restructuring in '16," Thiam said in a call with analysts after the bank reported full-year earnings.

Kumba Iron Ore earnings jump; holds off dividend amid price volatility
Kumba Iron Ore earnings jump; holds off dividend amid price volatility

Kumba Iron Ore ltd, a unit of Anglo American Plc, said on Tuesday its 2016 earnings more than doubled, partly on higher prices, but held off on paying a dividend because of a volatile market outlook. * Headline earnings per share rise 131 percent to 27.30rand, in line with what the company previously flagged to themarket. * Kumba said higher iron ore prices, as well its own driveto cut costs by reducing the amount of waste mined, contributedto the improvement in earnings.

Toshiba seeks to postpone earnings release, will probe Westinghouse

TOKYO (Reuters) - Japan's Toshiba Corp <6502.T> said it has asked regulators to allow it to delay the release of its earnings, including a writedown on its U.S. nuclear business, by a month while it probes internal controls at its Westinghouse unit.

Toshiba drops on report over
Toshiba drops on report over 'going concern' warning

Toshiba shares dropped Tuesday morning as a report said the huge conglomerate may warn that its future is in jeopardy owing to huge losses in its nuclear power business. Japan's leading Nikkei business daily said Toshiba would issue the red flag as it reports nine-month earnings later in the day. Toshiba, which declined to comment on the Nikkei report, is to publish its earnings around noon local time (0300 GMT).

TMX Group
TMX Group's quarterly results beat estimates, helped by cost cuts

(Reuters) - TMX Group Ltd , which owns and operates the Toronto Stock Exchange, reported better-than-expected quarterly results as the exchange operator reaped benefits from cost cuts. TMX's adjusted diluted earnings per share was C$1.18 in the fourth quarter ended Dec. 31, above the analysts' average estimate of C$1.12, according to Thomson Reuters I/B/E/S. The dominant Canadian exchange operator has been transforming itself into a leaner business focused on core operations, amid intensifying competition. The company reported about C$13 million ($10 million) in net cost savings on a run rate basis by the end of 2016, exceeding its target of C$8 million to C$10 million per year,...

Nasdaq plans venture arm to invest in financial technology: sources
Nasdaq plans venture arm to invest in financial technology: sources

By Anna Irrera NEW YORK (Reuters) - Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. The amount Nasdaq would invest could not be learned, though one person described it as "modest" relative to its broader earnings and capital plans. Nasdaq generated $2.3 billion in net revenue last year.

L
L'Oreal says considering all options for The Body Shop

French cosmetics giant L'Oreal said Thursday it is considering all options regarding The Body Shop unit as it looks to freshen its brand portfolio. "As part of this brand portfolio optimisation, it has been decided to explore all strategic options regarding The Body Shop's ownership in order to give it the best opportunities and full ability to continue its development," chief executive Jean-Paul Agon said in a statement as the company announced its annual earnings. The Financial Times reported on Wednesday that L'Oreal is exploring a sale of The Body Shop for one billion euros ($1.1 billion), quoting two sources close to the French company.

U.S. refiners give mixed reviews of GOP-backed border tax plan
U.S. refiners give mixed reviews of GOP-backed border tax plan

By Jarrett Renshaw NEW YORK (Reuters) - U.S. independent refiners like Phillips and Valero have offered mixed support for Republican efforts to boost American jobs and products, expressing concerns about how a border tax on imports could upend the energy ecosystem. The comments by refining executives in a wave of recent earnings calls offer the first glimpse of the balancing act U.S. refiners must perform under the Trump Administration: Applaud pro-business proposals while raise alarms about protectionist policies that may hurt American consumers - and perhaps their own balance sheets. Congressional Republicans and the Trump administration are considering a basket of tax reforms, the...

Canada's Manulife beats analyst earnings estimates for 2016, meets own target

Manulife Financial Corp met its own profit target for 2016 of C$4 billion and exceeded analyst estimates on Thursday, thanks to strength in its Asian operations. The company's core earnings, excluding one-off items and market movements, totaled C$4.02 billion ($3.06 billion), or C$1.96 Canadian cents per share in the full year, compared with C$3.43 million, or C$1.68 Canadian cents per share, a year earlier. Analysts on average had expected earnings of C$1.85 per share, according to Thomson Reuters I/B/E/S. That growth was driven by investment gains of C$197 million, benefiting from improved results in Asia, where insurance sales surged by a record 27 percent compared to 2015.

Thomson Reuters posts higher than expected fourth-quarter profit
Thomson Reuters posts higher than expected fourth-quarter profit

Thomson Reuters Corp reported a higher quarterly net profit on Thursday, reflecting a gain on the sale of a business, and said it expected revenue to grow this year at a low single-digit percentage rate. Excluding charges and earnings from discontinued operations, the company earned 60 cents per share, 2 cents above the analysts' average forecast, according to Thomson Reuters I/B/E/S. Revenue of $2.86 billion was slightly below Wall Street estimates of $2.89 billion. Thomson Reuters, parent of Reuters News, competes for financial customers with Bloomberg LP and News Corp's Dow Jones unit.

Total confident despite volatile oil prices
Total confident despite volatile oil prices

French oil major Total said Thursday it planned to increase its dividend to shareholders as it expressed confidence earnings could withstand the current volatility in oil prices. Total said in a statement that its headline net profit soared 22 percent to $6.2 billion (5.8 billion euros) in 2016. Oil prices "were highly volatile in 2016, fluctuating between $27 per barrel and $58 per barrel," said chief executive Patrick Pouyanne.

SocGen says 2016 profits hit by Croatian sale
SocGen says 2016 profits hit by Croatian sale

French bank Societe Generale on Thursday reported a drop in earnings last year, due to losses linked to the sale of its Croatian subsidiary and accounting expenses. Societe Generale said in a statement that its bottom-line net profit amounted to 3.87 billion euros ($4.13 billion) in 2016, down 3.2 percent on the year. The drop was due largely to losses of around 235 million euros on the sale of its Croatian subsidiary Splitska Banka as well as tax and accounting items.

Commerzbank profits plunge in 2016
Commerzbank profits plunge in 2016

Germany's second-largest lender Commerzbank booked net profits down more than 74 percent in 2016, financial results released Thursday showed, as it continues to battle through a tough restructuring. The bank's 279 million euros ($298 million) net profit beat the 222 million forecast by analysts surveyed by Factset, but fell far short of the almost 1.1-billion-euro result it reported in 2015. "We cannot yet be satisfied with the quality of our earnings," chief executive Martin Zielke said in a statement, but "we have now given ourselves the room for manoeuvre needed" for the restructuring.

U.S. refiners give mixed reviews of GOP-backed border tax plan
U.S. refiners give mixed reviews of GOP-backed border tax plan

By Jarrett Renshaw NEW YORK (Reuters) - U.S. independent refiners like Phillips and Valero have offered mixed support for Republican efforts to boost American jobs and products, expressing concerns about how a border tax on imports could upend the energy ecosystem. The comments by refining executives in a wave of recent earnings calls offer the first glimpse of the balancing act U.S. refiners must perform under the Trump Administration: Applaud pro-business proposals while raise alarms about protectionist policies that may hurt American consumers - and perhaps their own balance sheets. Congressional Republicans and the Trump administration are considering a basket of tax reforms, the...

GSK warns profits to be hit by generic drugs competition

Pharmaceutical company GlaxoSmithKline saw sales and net earnings grow in the fourth quarter but warned that tougher competition from generic drugmakers this year could depress its earnings. The London-based ...

KFC operator Yum China beats earning expectations
KFC operator Yum China beats earning expectations

Yum China, the operator of fast-food giants KFC, Pizza Hut and Taco Bell in the country, beat earnings expectations in its first report since spinning off from its US parent. The firm said operating profit for 2016 hit $640 billion in China, up 31 percent from 2015 when it was a unit of Yum Brands. The growth came as Yum added 575 new restaurants over the year -- with more than half coming in the final three months -- bringing its total in the country to more than 7,500.

In Norway, everyone
In Norway, everyone's tax info is just a click away

In Norway, a champion of transparency, that information is available to all, just a few clicks away. The fact that a billionaire could take over the White House without providing his tax returns, or that a French presidential election frontrunner could be rocked by revelations that he paid his family handsome sums for suspected phoney work, are inconceivable scenarios in this Scandinavian country. "In Norway there's a culture of openness on these issues, which makes it unlikely to get elected without being transparent about your tax situation and earnings," the head of the Norwegian Tax Administration, Hans Christian Holte, told AFP.

Iger
Iger 'open' to staying CEO as Disney earnings drop

Disney reported lower first-quarter earnings Tuesday due in part to tough comparisons with last year's "Star Wars" blockbuster, as chief executive Robert Iger said he was willing to stay on. Sales fell in three of Disney's four divisions, with parks and resorts posting the only gain. Revenues also fell in studio entertainment, with the "Rogue One: A Star Wars Story" released in the 2016 period doing well, but not competing with the prior year's "Star Wars: The Force Awakens," which has been estimated to have made more than $2 billion in worldwide ticket sales.

GM sees higher 2017 earnings; shares tumble on higher costs
GM sees higher 2017 earnings; shares tumble on higher costs

General Motors posted strong car sales again last year and signaled Tuesday it expects robust earnings in 2017, but the company's share price fell sharply on worries about higher costs. Earnings in the fourth quarter for the largest US car company fell to $1.8 billion, more than 70 percent below the year-ago period, but that stunning difference was primarily due to a large one-time tax item that boosted earnings in the comparable period of 2015. GM also confirmed it sees 2017 earnings-per-share of between $6.00 and $6.50 after it notched $6.00 a share for 2016.

Priced like an automaker, sputtering Gilead shares lure value bets

By Lewis Krauskopf NEW YORK (Reuters) - Shares of Gilead Sciences Inc are languishing over concerns about the U.S. biotechnology company's declining hepatitis C drugs and profit outlook, but some value investors sense an opportunity with shares at extremely cheap levels. On a price-to-earnings basis, commonly used to value stocks, Gilead shares are trading under 7 times earnings estimates for the next 12 months. One value investor, New York-based Matrix Asset Advisors, has been adding "pretty actively" to its Gilead position, said Chief Investment Officer David Katz.

Toyota lifts annual outlook but eyes Trump uncertainty
Toyota lifts annual outlook but eyes Trump uncertainty

Japanese auto giant Toyota on Monday revised up its full-year forecast but warned of an uncertain outlook with the car industry bracing for Donald Trump's presidency with his expected protectionist agenda. The firm, which lost its crown as the world's top-selling automaker last year, said a drop in the value of the yen had allowed it to lift its earnings, despite a fall in its nine-month net profit. It said net profit fell 24 percent to 1.43 trillion yen ($12.7 billion).

Wall St. Week Ahead: Dollar
Wall St. Week Ahead: Dollar's sudden weakness could help U.S. profit picture

Stock investors could have at least one less worry in the next earnings period: the suddenly limp U.S. dollar. The greenback, whose strong rally after the Nov. 8 U.S. election hit profits at many U.S. multinationals in the fourth quarter, has had a sharp reversal since the start of the year. Fourth-quarter results, even with the dollar's drag, are mostly beating Wall Street's expectations and helping provide a buffer to some of the uncertainties facing investors, including the new U.S. president's policies.

South Africa
South Africa's Kumba pays $186 million to settle tax dispute

South Africa's Kumba Iron Ore, a unit of Anglo American, will pay 2.5 billion rand ($186 million) to settle a tax dispute with local authorities, the company said on Friday, sending its share price over 7 percent lower. "Kumba had already provided for an amount of 1.5 billion rand in its annual financial statements for the tax years up to 2015, and an additional 1.0 billion rand will be accounted for in 2016 in respect of this settlement agreement," the company said. "The settlement will be paid in full in Q1 2017, with appropriate adjustments made for current advance payments held on account." Kumba, which Anglo American has signalled it may sell as it pivots its...

Stocks are mixed in early trading on Wall Street
Stocks are mixed in early trading on Wall Street

Stocks were mixed in morning trading on Wall Street Thursday morning as traders didn't find much to get excited about in the latest batch of earnings reports from U.S. companies. Insurer MetLife sank 3 ...

BCE's profit misses as it pays more to win wireless customers

(Reuters) - BCE Inc , Canada's largest telecommunications company, reported a smaller-than-expected quarterly profit as it paid more to win wireless customers, and it forecast a 2017 profit that was below analysts' estimates. BCE forecast adjusted earnings of C$3.42-C$3.52 per share for the year, lower than analysts' average estimate of C$3.62, according to Thomson Reuters I/B/E/S. The company, popularly known as Bell, said it added 112,393 postpaid wireless customers on a net basis in the fourth quarter, up from 91,308 a year earlier. ...

Merck
Merck's sales miss as Keytruda, diabetes drugs lag estimates

(Reuters) - Merck & Co Inc's quarterly revenue narrowly missed Wall Street expectations, hurt by lower-than-expected sales of its key immuno-oncology drug, Keytruda, and its diabetes medicines. The company also forecast 2017 adjusted earnings in the range of $3.72 to $3.87 per share on revenue of $38.6 billion-$40.1 billion. Analysts on average were expecting an adjusted profit of $3.85 per share and revenue of $40.04 billion. ...

Daimler yet more ambitious for 2017 after record year
Daimler yet more ambitious for 2017 after record year

Daimler group, the German carmaker behind Mercedes-Benz and Smart, on Thursday said it aims to further boost its performance in 2017 after a record year in 2016. "In 2016, Daimler has set new records for unit sales, revenue and earnings," chief executive Dieter Zetsche said in a statement. For the year ahead, "we are confident that we will be able to improve on these record results once again," Daimler financial director Bodo Uebber said.

Shell reports 4Q earnings rise 14 percent

Royal Dutch Shell says fourth-quarter earnings rose 14 percent as it made progress on plans to cut costs and sell assets to adjust to an environment of lower oil prices. The Anglo-Dutch energy company ...

Nokia beats market expectations in fourth quarter
Nokia beats market expectations in fourth quarter

Finnish network equipment maker Nokia reported on Thursday a better-than-expected quarterly profit, as acquisition of Franco-American Alcatel-Lucent and cost cuts helped it in the tough networks market. Nokia and its rivals, Sweden's Ericsson and China's Huawei [HWT.UL], are struggling as demand for faster 4G mobile broadband equipment has peaked, and upgrades to next-generation 5G equipment are still years away. Fourth-quarter group earnings before interest and taxes (EBIT) fell 27 percent from a year ago to 940 million euros ($1.01 billion) due to a drop in spending by telecom operators, but beat analysts' average forecast of 788 million euros in a Reuters poll.

Altria beats 4Q profit forecasts as sales continue dropping
Altria beats 4Q profit forecasts as sales continue dropping

Altria Group is reporting fourth-quarter net income of $10.28 billion. The Richmond, Virginia-based company said it had profit of $5.27 per share. Earnings, adjusted for non-recurring gains, came to 68 ...

Siemens shareholders tell CEO to maintain momentum
Siemens shareholders tell CEO to maintain momentum

By Georgina Prodhan MUNICH, Germany (Reuters) - Siemens shareholders urged Chief Executive Joe Kaeser to press ahead with transforming the engineering group which made its best annual operating profit to date last year and raised its earnings forecasts. As unknown risks loom from the protectionist policies of new U.S. President Donald Trump, Kaeser cautioned that the German company could not afford to be complacent, while basking in a rare glow of shareholder approval at the group's annual meeting as the company's shares jumped to a 17-year high on Wednesday. Siemens raised its earnings forecasts on Tuesday after its industrial business profit jumped in its fiscal first quarter,...

TalkTalk founder Dunstone takes reins from Harding
TalkTalk founder Dunstone takes reins from Harding

By Paul Sandle LONDON (Reuters) - TalkTalk founder and chairman Charles Dunstone will take over the running of the telecoms operator when chief executive Dido Harding steps down in May after seven years in charge, the company said on Wednesday. Harding's departure came as TalkTalk reported a 5 percent drop in revenue and said it had lost a net 42,000 broadband subscribers in its third quarter, but kept its forecast for its full year earnings unchanged. Shares in TalkTalk, which competes with Sky and Virgin Media as well as industry leader BT, were trading up 7 percent at 167 pence at 0826 GMT.

Egypt
Egypt's Obour Land targets 12 pct net profit growth in 2017: ceo

By Ehab Farouk CAIRO (Reuters) - Obour Land, one of Egypt's largest cheese producers, expects net profit to grow 12 percent in 2017 and aims to issue a cash dividend of at least 50 percent of those earnings this year, Chief Executive Officer Ashraf Sherif told Reuters. Established in 1997, Obour Land produced around 97,000 tonnes of white cheese last year and expects to increase its production to 102,000 tonnes this year. The company forecasts a 6 percent increase in net profit in 2016 from 92 million Egyptian pounds ($4.89 million) in 2015.

iPhone sales lift Apple to record quarter
iPhone sales lift Apple to record quarter

Apple on Tuesday reported a rebound in iPhone sales to lift the tech giant to record revenue in the past quarter in quarterly results that eased concerns of slowing growth. The results showed strong demand for Apple's iPhone 7 models launched last years, even as profits dipped 2.6 percent to $17.9 billion. Apple shares were up more than three percent to $125.19 in after-market trades that followed release of the earnings results.

Siemens sees brighter outlook after strong quarter
Siemens sees brighter outlook after strong quarter

The German industrial conglomerate Siemens said Tuesday that full-year earnings would surpass previous estimates, after reporting a 25 percent jump in quarterly net profit. The company said the stronger earnings in the three months to December 31 reflected healthier operating margins in most of its business lines. CEO Joe Kaeser has been pursuing a far-reaching restructuring of the company, whose activities range from gas and wind turbines to trains and medical equipment.

ExxonMobil 4Q earnings dive on low oil prices
ExxonMobil 4Q earnings dive on low oil prices

ExxonMobil reported sharply lower fourth-quarter profits Tuesday following a rare decision to write down the value of some assets due to low oil and natural gas prices. Net income in the fourth-quarter plunged 39.6 percent to $1.7 billion, while full year earnings fell by more than half to $7.8 billion. The report was the first since Darren Woods was promoted to chief executive after President Donald Trump selected the oil giant's long-time leader, Rex Tillerson, to serve as secretary of state.

Top News: Earnings

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